Turn-key property analysis

[Mashy Green]

Dear BP community,

I am currently looking at a particular property. It's single family, section 8 tenant occupied home.

the selling price is $100k, the monthly rent is $1300 (80% paid by section 8 HUD )

RE taxes $1400/year. Insurance $1200/year. management fees 10%/month.

I am planning on taking a conventional mortgage 25% down, 4.5% interest rate.

how does this deal look for you? Any input would be highly appreciated.

Also, generally speaking what are the cons and pros for turn-key purchase ?